Clements Exploration Co.
How we got $15.2M
Based on its 4 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Estimated value over time
▲ 25% since 2021Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CLEMENTS EXPLORATION CO. this business | $13.2M | — |
| ARROWHEAD ENERGY INC Edmond · 4 employees | $18.5M | 0.2 mi |
| GREG HALL OIL & GAS, LLC Edmond · 11 employees | $28.5M | 0.2 mi |
| LONE WOLF PROPERTIES LLC Oklahoma City · 2 employees | $6.4M | 0.9 mi |
| BOGO ENERGY CORPORATION Oklahoma City · 7 employees | $23.9M | 1.0 mi |
| MAXIMUS EXPLORATION LLC Oklahoma City · 5 employees | $19.2M | 1.0 mi |
| MACH RESOURCES LLC Oklahoma City · 280 employees | $1.18B | 1.0 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $19.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.9M |
| Estimate: the two combined (geometric mean) | $13.2M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $3.2M |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $15.2M |
| Multiple for this size and industry | 4.7× |
| Value range | $8.0M – $20.8M |
| Revenue range | $8.7M – $15.1M |
| EBITDA range | $2.1M – $3.7M |
| Industry (NAICS) | Natural Gas Extraction (211130) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
Advisors
- BankingBancFirstPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| BancFirst PPP 2021 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/10/2021 | second | $30K | 4 |
About Clements Exploration Co.
Clements Exploration Co. is a natural gas extraction company in Edmond, Oklahoma. Its estimated annual revenue is about $13.2M, with roughly $3.2M of EBITDA. It has about 4 employees. Its estimated business value is $15.2M (likely range $8.0M–$20.8M).
Common questions
- Who owns Clements Exploration Co.?
- The owner of Clements Exploration Co. isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Clements Exploration Co. make?
- SeeBITDA estimates Clements Exploration Co.'s annual revenue at about $13.2M (likely between $8.7M and $15.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Clements Exploration Co. worth?
- About $15.2M, roughly 4.7× its estimated EBITDA of $3.2M, typical for a natural gas extraction company its size. Likely range: $8.0M–$20.8M.
- How many employees does Clements Exploration Co. have?
- About 4, as reported on its PPP loan.